CVC and GBL launch €10.7bn bid for Recordati
A consortium led by CVC Capital Partners and Groupe Bruxelles Lambert has launched a voluntary cash tender offer to take Italian pharmaceutical group Recordati private, valuing the company at €10.7bn. The transaction, executed through the newly formed acquisition vehicle Respighi BidCo, signals a major strategic shift for the Milan-listed drugmaker as it seeks to shield its growth strategy from public…